Andhra Bank Personal Loan

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Get Andhra Bank Personal Loan at lowest interest rates

  • Loan Amount: Upto Rs. 5 lakh
  • Processing Fees: As Per Agreement

Apply for Personal Loan Starting From 10.50%*

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*Offers are from Paisabazaar's partner Banks & NBFCs.

Andhra Bank personal loan is offered to meet any credit requirement of the borrower for personal purposes including a medical emergency, wedding, home renovation, higher education, etc. Offering a loan amount of up to Rs. 5 lakh, Andhra Bank personal loan is easy to apply and can be availed online without any hassle.

Table of Contents
Andhra Bank Personal Loan - Features and Benefits
Andhra Bank Consumer Loan
Andhra Bank Consumer Loan - Interest Rate
Andhra Bank Consumer Loan - Eligibility Criteria
Andhra Bank Consumer Loan - Documents Required
Andhra Bank Clean Loan
Andhra Bank Clean Loan - Interest Rate
Andhra Bank Clean Loan - Eligibility Criteria
Andhra Bank Personal Loan - EMI Calculator
Compare Andhra Bank Personal Loan VS Other Lenders
How to Apply for Andhra Bank Personal Loan at Paisabazaar?
Andhra Bank - Customer Care
Andhra Bank Personal Loan - Features and Benefits
  • Loan amount: The personal loan amount offered by Andhra Bank goes up to Rs. 5 lakh and helps to deal with any personal financial situation that an individual may face
  • Diversity: Andhra Bank offers personal loan scheme to cater the financial needs of different group of customers ranging from salary classes to LIC agents and Non individuals to pensioners
  • Flexible tenure: The tenure of Andhra Bank personal loan goes up to 60 months and offers complete flexibility when it comes to repaying the loan amount
  • Minimum documentation: Andhra Bank asks for minimum documents from its customers and ensures quick disbursal of loan amount
  • Attractive interest rate: The interest rate of Andhra Bank personal loan starts from 11.55% and goes up to 13.05%. The interest rate is offered to an individual on the basis of credit score, age, employer, repayment history, etc.
Andhra Bank Consumer Loan

Andhra Bank offers consumer loans for the purchase of consumer durable products and household items. The loan can be repaid maximum by 60 months.

Andhra Bank Consumer Loan- Quantum of Finance

CategoryMaximum loan amount
Salaried class10 months gross salary
Non- salaried class40% of gross annual income
Pensioners4 months pension
Andhra Bank Consumer Loan - Interest Rate

Andhra Bank has introduced Marginal Cost of Funds Based Lending Rate (MCLR) with effect from 01.04.2016 applicable for all fresh loans sanctioned as well as renewals on or after 01.04.2016. The one year MCLR is 8.55%

Loan Period For State and Central Government employees, Public sector under takings who are drawing salary through our Branches and PensionersFor private employees, non salaried class and LIC agents etc.
Upto 36 months MCLR (One year) + 2.85% MCLR (One year) + 3.35%
Above 36 months MCLR (One year) + 3.10% MCLR (One year) + 4.35%
Andhra Bank Consumer Loan - Eligibility Criteria
  • You should either be a salaried professional, self- employed individual or pensioner drawing pension in the bank
  • You should be having a repayment capacity as per the bank
Andhra Bank Consumer Loan - Documents Required
  • KYC documents
  • Salary slip/IT returns/assessment order, property statement
  • Latest income tax assessment order, property statement (in case of non- salaried person)
Andhra Bank Clean Loan

Clean Loan is sanctioned by Andhra Bank to fulfil any personal need of an individual. The loan can be repaid within 60 months.

Andhra Bank Clean Loan- Quantum of Finance

CategoryMaximum loan amount
For non- salaries persons2 times average annual proven income (Annual income as average of last three years income shown in IT returns/ assessment orders)
For pensioners8 times of monthly pension. Cap for pensioners is Rs. 5 lakh
For LIC AgentsFor those who are income tax assessesTwo times of average renewal commission for the previous three years, subject to a maximum of Rs. 2 lakh
For those who are not income tax assesses50% of average renewal commission basing on a statement of income for the previous three years, subject to a  maximum of Rs. 2 lakh
Andhra Bank Clean Loan - Interest Rate

Andhra Bank has introduced Marginal Cost of Funds Based Lending Rate (MCLR) with effect from 01.04.2016 applicable for all fresh loans sanctioned as well as renewals on or after 01.04.2016. The one year MCLR is 8.55%

Loan Period For State and Central Government employees, Public sector under takings who are drawing salary through our Branches and PensionersFor private employees, non salaried class and LIC agents etc 
 Upto 36 months MCLR (One year) + 3.00% MCLR (One year) + 3.50%
 Above 36 months MCLR (One year) + 3.25% MCLR (One year) + 4.50%
Andhra Bank Clean Loan - Eligibility Criteria
  • If you are a pensioner, your maximum age should be 75
  • If you are a LIC Agent, your maximum age should be 55 years
Andhra Bank Personal Loan - EMI Calculator

One can check the EMI for Andhra Bank personal Loan at Paisazabazaar. Personal Loan EMI Calculator available at Paisabazaar calculates EMI on the basis of inputs given by the loan applicant. The EMI Calculator asks for the following details:

  • Loan Amount
  • Loan Tenure
  • Interest Rate

After getting an estimate of the EMIs, a loan applicant will only borrow the amount that he can easily repay and will also plan his future expenses accordingly.

Compare Andhra Bank Personal Loan VS Other Lenders
ParticularsAndhra BankHDFC BankCiti BankAxis BankICICI BankBajaj Finserv
Interest Rate11.55% to 13.05%11.25% to 21.50%Starting from 10.99%11.49% to 17.49%11.50% to 19.25Starting from 12.99%
TenureUpto 60 months12 to 60 months12 to 60 months12 to 60 months12 to 60 months12 to 60 months
Loan amountUpto Rs. 5 lakhUpto Rs. 40 lakhUpto Rs. 30 lakhRs. 50,000 to Rs. 15 lakhUpto Rs. 20 lakhUpto Rs. 25 lakh
Processing FeeAs offered by the lenderUpto 2.50% of the loan amountUpto 3% of the loan amount2% of loan amount plus GSTUpto 2.25% of loan amount plus GSTUp to 3.99% of the loan amount
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Andhra Bank - Customer Care
FAQs
Is it possible to avail a personal loan jointly with my spouse?
Do I need to pay any additional charges?
Can I prepay my loan?
Is it possible to avail a personal loan jointly with my spouse?

Yes, you can include your spouse’s income for eligibility purpose.

Do I need to pay any additional charges?

Yes, a nominal processing fee will be charged at the time of loan sanctioning.

Can I prepay my loan?

Yes, you can prepay your loan without paying any additional charges.

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